Production Market

What is Production Market?

A prediction market is a venue where people speculate on the results of events across a variety of businesses. You can make predictions about the outcome of many events, such as election results, athletic events, and contest results.

Some markets employ the parimutuel system, in which all bettors pool their wagers. When a prediction wins, the entire pool of bets is divided among the participants in proportion to their stake in the winning wager.

Many prediction markets use blockchain technology to provide a variety of incentives for investors. Your reputation score will increase, and your winnings will be impacted more by future predictions that are more accurate than your initial ones. The larger the payoff if your prediction proves to be accurate, the further your predictions deviate from the “common wisdom.” The bigger your time weight will be in determining your prizes, the earlier you forecast when there isn't enough data to see.